Analysts Issue Forecasts for AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Stock analysts at National Bank Financial issued their FY2026 earnings per share estimates for shares of AltaGas in a report issued on Monday, January 6th. National Bank Financial analyst P. Kenny expects that the company will earn $2.48 per share for the year. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. National Bank Financial also issued estimates for AltaGas’ FY2027 earnings at $2.89 EPS.

Several other equities analysts also recently issued reports on ALA. JPMorgan Chase & Co. downgraded AltaGas from an “overweight” rating to a “neutral” rating and upped their target price for the company from C$36.00 to C$37.00 in a research report on Wednesday, October 23rd. Scotiabank lifted their price objective on AltaGas from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. ATB Capital set a C$36.00 price objective on AltaGas and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Royal Bank of Canada lifted their price objective on AltaGas from C$37.00 to C$40.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group lifted their price objective on AltaGas from C$37.00 to C$39.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.10.

AltaGas Price Performance

TSE ALA opened at C$34.12 on Thursday. The company has a debt-to-equity ratio of 115.50, a current ratio of 0.85 and a quick ratio of 0.44. The stock’s fifty day moving average price is C$33.62 and its 200 day moving average price is C$33.06. AltaGas has a 1 year low of C$26.91 and a 1 year high of C$35.77. The company has a market cap of C$10.15 billion, a price-to-earnings ratio of 23.53, a PEG ratio of -4.97 and a beta of 1.23.

Insider Activity

In other AltaGas news, Senior Officer Vernon Dai-Chung Yu bought 7,600 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of C$32.97 per share, for a total transaction of C$250,549.20. Insiders own 0.58% of the company’s stock.

AltaGas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.298 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, December 16th. AltaGas’s dividend payout ratio (DPR) is presently 82.07%.

AltaGas Company Profile

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers.